filings.toolsItem 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
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Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Market Information and Holders
NRG's authorized capital stock consists of 500,000,000 shares of common stock and 10,000,000 shares of preferred stock. A total of 25,000,000 shares of the Company's common stock are authorized for issuance under the NRG LTIP. No shares of NRG common stock were available for future issuance under the NRG GenOn LTIP. For more information about the NRG LTIP and the NRG GenOn LTIP, refer to Item 12 — Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters and Item 15 — Note 19, Stock-Based Compensation, to the Consolidated Financial Statements.
NRG had 283,650,039 shares outstanding as of December 31, 2018. As of January 31, 2019, there were 280,997,550 shares outstanding, and there were 19,691 common stockholders of record.
NRG currently anticipates continuing to pay comparable cash dividends in the future.
Issuer Purchases of Equity Securities
In 2018, the Company's board of directors authorized the Company to repurchase $1.5 billion of its common stock. During the year ended December 31, 2018, the Company repurchased a total of 35,234,664 shares under these programs for $1.25 billion, and the remaining $250 million was repurchased by February 28, 2019. The average price paid per share for the $1.5 billion share repurchase was $36.24. In addition, the Company's board of directors authorized in February 2019 an additional $1.0 billion share repurchase program to be executed in 2019.
The table below sets forth the information with respect to purchases made by or on behalf of NRG or any "affiliated purchaser" (as defined in Rule 10b-18(a)(3) under the Exchange Act), of NRG's common stock during the quarter ended
December 31, 2018.
| For the three months ended December 31, 2018 | Total Number of Shares Purchased | Average Price Paid per Share(a) | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs(b) | ||||||||||
| Month #1 | ||||||||||||||
| (October 1, 2018 to October 31, 2018) | — | $ | — | — | $ | 500,000,000 | ||||||||
| Month #2 | ||||||||||||||
| (November 1, 2018 to November 30, 2018) | 1,964,808 | $ | 38.59 | 1,964,808 | $ | 424,174,905 | ||||||||
| Month #3 | ||||||||||||||
| (December 1, 2018 to December 31, 2018)(c) | 4,725,163 | $ | 36.87 | 4,725,163 | $ | 249,951,196 | ||||||||
| Total at December 31, 2018 | 6,689,971 | $ | 37.38 | 6,689,971 |
| (a) | The average price paid per share excludes commissions of $0.01 per share paid in connection with the open market share repurchases |
| (b) | Includes commissions of $0.01 per share paid in connection with the open market share repurchases |
| (c) | Includes 486,618 of additional shares delivered upon settlement of an ASR agreement executed in September 2018 |
Stock Performance Graph
The performance graph below compares NRG's cumulative total stockholder return on the Company's common stock for the period December 31, 2013 through December 31, 2018 with the cumulative total return of the Standard & Poor's 500 Composite Stock Price Index, or S&P 500, and the Philadelphia Utility Sector Index, or UTY. NRG's common stock trades on the New York Stock Exchange under the symbol "NRG."
The performance graph shown below is being furnished and compares each period assuming that $100 was invested on December 31, 2013, in each of the common stock of NRG, the stocks included in the S&P 500 and the stocks included in the UTY, and that all dividends were reinvested.
Comparison of Cumulative Total Return
| Dec-2013 | Dec-2014 | Dec-2015 | Dec-2016 | Dec-2017 | Dec-2018 | ||||||||||||||||||
| NRG Energy, Inc. | $ | 100.00 | $ | 95.52 | $ | 42.95 | $ | 45.71 | $ | 106.82 | $ | 149.10 | |||||||||||
| S&P 500 | 100.00 | 113.69 | 115.26 | 129.05 | 157.22 | 150.33 | |||||||||||||||||
| UTY | 100.00 | 128.94 | 120.87 | 141.90 | 160.09 | 165.72 |
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